Westlake Chemical Partners Q1 2026: Record Income & Growth Ahead

Westlake Chemical Partners reported a strong first quarter 2026, with net income of $14 million, or $0.40 per unit, and sales of $360 million. Distributable cash flow was $18 million, or $0.51 per unit, and the partnership announced its 47th consecutive quarterly distribution of $0.4714 per unit, payable June 1st. Year-over-year, net income increased by $9 million due to rebounding production and higher third-party prices. The coverage ratio improved to 1.0 times, up from 0.8, with no major capital expenditure drags. Investors appreciate the stable business model, tied to a fixed-margin ethylene deal with Westlake Corporation, which has grown distributions by 71% since 2014 without tapping capital markets. Looking ahead, Middle East tensions are driving demand for North American ethylene, boosting margins on third-party sales. The partnership is well-positioned for growth through OpCo stake hikes, acquisitions, expansions, or improved margins, with a strong balance sheet and no planned turnarounds this year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e3b0880ba2c765fd